Pharmacy Benefit Management (PBM) Sales Market- 2023, is Worldwide Expanding by Size, Share, Scope & Revenue | Geographical Segmentation, Growth, and Forecast to 2029 | CVS Health (CVS), Express Scripts, OptumRx (UnitedHealth), Humana Pharmacy Solutions

The term pharmacy benefit management (PBM) industry refers to a group of companies that serve as the middlemen between insurance companies, pharmacies, and drug manufacturers. PBMs are responsible for securing lower drug costs for insurers and insurance companies. They accomplish this by negotiating with pharmacies and drug manufacturers. The discounts are then passed onto insurance companies. Profits are generated through the slight up-charging of drugs or retaining portions of rebates.

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Market Analysis and Insights: Global Pharmacy Benefit Management (PBM) Market
Due to the COVID-19 pandemic, the global Pharmacy Benefit Management (PBM) market size is estimated to be worth US$ 470520 million in 2022 and is forecast to a readjusted size of US$ 683590 million by 2029 with a CAGR of 5.7% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Government accounting for % of the Pharmacy Benefit Management (PBM) global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Mail-order Pharmacy Services segment is altered to an % CAGR throughout this forecast period.
Three major PBMs manufacturers include Express Scripts, CVS Health, and OptumRx, which comprise 75% of the market.
America is enjoying the largest market share of pharmacy benefit management (PBM), with a market share nearly 97%. EU is the second place, enjoying market share nearly 2%.In terms of product, government is the largest segment, with a share over 70%. And in terms of application, the largest application is non-mail pharmacy services, followed by mail-order pharmacy services.

Global Pharmacy Benefit Management (PBM) Scope and Market Size
The global Pharmacy Benefit Management (PBM) market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Pharmacy Benefit Management (PBM) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.

Segment by Type
- Government
- Non-Government

Segment by Application
- Mail-order Pharmacy Services
- Non-mail Pharmacy Services

By Region
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
- Other Regions

By Company
- CVS Health (CVS)
- Express Scripts
- OptumRx (UnitedHealth)
- Humana Pharmacy Solutions
- Prime Therapeutics
- Medimpact Healthcare
- Magellan Health
- BC/BS
- Vidalink
- Sea Rainbow
- Cachet
- CRHMS

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